The stock of KE Holdings Inc. (NYSE:BEKE) increased by $0.43 on Monday to finish at $14.75, up 3.00 percent. The last five days have seen an average of 6,284,320 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $0.79. The average number of shares traded over the last 20 days was 6,936,335, while the average volume over the last 50 days totaled 7,463,006.
BEKE stock dropped -18.01% since last month. On 08/23/23, the company’s shares reached a one-month low of $13.71. The stock touched a high of $21.08 on 02/14/23, after rallying from a low of $9.09 in 52 weeks. The price of BEKE stock has risen by 5.66% or $0.79 this year, reaching a new high 11 times. Still, the stock price is down -30.03% from the 52-week high.
Valuation Metrics
KE Holdings Inc. (BEKE) has a trailing price-to-earnings (P/E) ratio of 67.05. Beta for the stock is -0.89. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.86, the price-to-book (PB) ratio of 1.77, and the price-to-cash flow ratio of 14.44.
Financial Health
For the three months ended March 30, KE Holdings Inc.’s quick ratio was 2.00, while its current ratio was 2.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 26.20% percent. KE Holdings Inc.’s EBITDA margin for the year ended March 30 was 1.35%, whereas its operating margin stood at 3.70% for the same period. Based on annual data, it had gross profit of -$120.76 million and revenue of $8.8 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BEKE’s return on assets (ROA) during the last 12 months has been 1.80%. There was a -4.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.90%.
Earnings Surprise
According to KE Holdings Inc.’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $8.8 billion, while revenues fell by -44.06% to $0.0. It was predicted that KE Holdings Inc.’s quarterly earnings would be $0.41, but it ended up being $0.24, beating the consensus by 70.80%. EBITDA was $433.63 million for the quarter. At the end of KE Holdings Inc.’s most recent quarter ended March 30, its total debt was $13.04 billion.
Technical Picture
Here’s a quick look at KE Holdings Inc.’s (BEKE) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 41.04%, suggesting the stock is Neutral, with a 30.58% historical volatility rate.
The stochastic %K and %D were 21.14% and 14.62% respectively, while the average true range (ATR) was 0.70. Based on the 14-day stochastic reading of 28.81%, the RSI (14) reading is 42.11%. On the 9-day MACD Oscillator, the stock is at -0.12, and the 14-day reading is at -0.73.
Analyst Ratings
In its analyst report released on May 09, 2023, New Street began covering KE Holdings Inc. (NYSE: BEKE). The stock was rated as a Buy by the brokerage firm. Analysts have assigned KE Holdings Inc. (BEKE) an Buy rating. BEKE is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 16 others recommend it as a buy.
What is BEKE’s price target for the next 12 months?
The current consensus forecast for the stock is between $147.45 and $194.73, with a median target price of $166.52. In analyzing these forecasts, the average price target given by analysts for KE Holdings Inc. (BEKE) is $169.10.
